Electrical Conduit Market Future Scope, Revenue, Top Trends, Growth Opportunity & Regional Outlook To 2024
Global electrical conduit market is poised to witness appreciable growth in the coming years owing to increasing efforts towards containing electric supply faults, health hazards, fire, and other operational breakdown.
Electrical wiring is directly connected to the safety of human beings and the equipment handled by people and, therefore, the demand for electrical conduits is constantly on the rise. The scope of electrical wiring is also witnessing an increase for the supply, installation, testing and commissioning of spur outlets, conduits and accessories, switches, wiring, socket outlets, GI pull wires, junction boxes / pull boxes, and ceiling roses.
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Electrical conduits are mainly utilized for routing and protection of electrical wiring, and are made from various materials, comprising fiber, metal, plastic, and fired clay. Industrially-used electrical conduit types chiefly depend on the material used for making the tubing, its mechanical stiffness, and the conduit’s wall thickness. The choice of the conduit material also depends on corrosion resistance and mechanical protection, taking into consideration the cost factor.
As per the latest research conducted by GMI, the global electrical conduit market will exceed USD 9 billion valuation by 2024.
Surging electrical conduit demand due to rising electricity requirement across various sectors
Electrical conduits are extensively used across large-scale industries and manufacturing facilities that demand safety and reliability of their entire electricity supply network. Therefore, growing measures towards the creation of a safe and operational environment in alignment with aesthetic proximities will bolster electrical conduit market expansion.
Increasing metal extraction activities along with rapid development of railway infrastructure also deploy large scale power network development which, in turn, are expected to augment industry growth. Additionally, the surging demand from the shipbuilding industry and large-scale manufacturing plants coupled with rising inclination towards the use of flexible wire and cable management systems will further drive electrical conduit market expansion over the forecast period.
Rising inclination towards diversified distribution networks
Escalating inclination towards the usage of diversified frequency distribution networks and increasing concerns for energy-efficient product operations will boost electrical conduit market share during the estimated timeframe. A rise in demand for ultra-high voltage networks, and increasing fund allocation by private and administrative organizations will further drive industry expansion.
Although the electrical conduit business growth faces hindrances by the integration of effective non-metallic flexible conduit technologies, standardized product configurations in addition to high replacement cost across large-scale industry applications continue to support the overall business landscape.
High regional growth potential of Asia Pacific electrical conduit market
Asia Pacific electrical conduit market will deliver significant proceeds during the forecast period witnessing the rising demand for electricity from several emerging regions. Prominent countries in Asia Pacific, including India and other developing nations, continue to improve their existing power networks intending to meet the constant electricity demand.
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The renewable energy sector accounted for USD 241.6 billion worth of investments at the global level in 2016, with an overall capacity addition of 138.5 GW, of which the Asia Pacific countries contributed to around 47 per cent. Having retained a commendable position in the energy ecosystem, APAC is poised to come up as a vital growth avenue for electrical conduit market in the years to come.
Partial Chapter of the Table of Content
Chapter 2 Executive Summary
2.1 Electrical conduit market 3600 synopsis, 2013 – 2024
2.1.1 Business trends
2.1.2 Trade size trends
2.1.3 Classification trends
2.1.4 Application trends
2.1.5 End use trends
2.1.6 Regional trends
Chapter 3 Electrical Conduit Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024 (USD Million)
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Regulatory landscape
3.4.1 Global
3.4.1.1 UL 651
3.4.1.1.1 Standard for Schedule 40, 80, Type EB and A Rigid PVC Conduit and Fittings
3.4.1.1.2 Scope
3.4.1.1.2.1 General
3.4.1.1.2.2 Schedule 40 and 80 conduit and fittings
3.4.1.1.2.3 Type EB and A conduit and fittings
3.4.1.1.2.4 Applications
3.4.1.1.2.5 Fittings
3.4.1.2 UL 651 A
3.4.1.2.1 Schedule 40 and 80 High Density Polyethylene (HDPE) Conduit
3.4.1.2.2 Scope
3.4.1.2.3 NFPA 70 - National Electrical Code
3.4.1.2.4 Scope
3.4.1.3 Federal Regulations, Parts 110–113.
3.4.1.4 NEMA TC 6 and 8
3.4.1.4.1 Scope
3.4.1.5 NEMA TC 3
3.4.1.5.1 Scope
3.4.1.6 NEMA TC 2
3.4.1.6.1 Scope
3.4.2 Canada
3.5 Cable management systems landscape
3.5.1 Cable Management Systems- IEC SC 23A
3.5.1.1 Scope:
3.5.1.2 Objectives:
3.5.1.3 Components
3.5.2 Contribution to Electrical Safety:
3.5.2.1 Fundamental Principles
3.5.2.1.1 General
3.5.2.2 Electrical Conduit, Tubing and Cable Tray, and Trunking
3.5.2.3 Fittings for Conduit, Tubing and Cable
3.5.2.4 Supports for Conduit, Tubing and Cable
3.5.2.5 Electrical Boxes
3.6 Transmission & distribution loss trend
3.7 Transmission network USD breakdown
3.8 Key customer requirements
3.9 Customer group requirement
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